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Microsoft-backed OpenAI valued at $80bn after agency completes deal

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Microsoft-backed OpenAI has completed a deal that values the substitute intelligence agency at $80bn or further, the New York Situations reported on Friday, citing a variety of people with info of the deal.

The company would promote present shares in a so-called tender provide led by enterprise company Thrive Capital, the report said. Staff will likely be able to cash out their shares of the company fairly than a traditional funding spherical, which could elevate money for the enterprise, the report added.

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